Transformers and Rectifiers (India) surged 3.32% to Rs 82.55 at 11:27 IST on BSE after the firm said the first 3 units of 1500 MVA, 765 kV transformers manufactured by it have been commissioned successfully at Nellore substation of PGCIL in AP.
The announcement was made during trading hours today, 13 March 2014.
Meanwhile, the S&P BSE Sensex was up 82.69 points or 0.38% at 21,938.91.
On BSE, so far 2,095 shares were traded in the counter as against average daily volume of 2,197 shares in the past one quarter.
The stock hit a high of Rs 84.55 and a low of Rs 78.25 so far during the day. The stock had hit a 52-week high of Rs 129.07 on 2 May 2013. The stock had hit a record low of Rs 54.40 on 10 October 2013.
The stock had outperformed the market over the past one month till 12 March 2014, surging 7.75% compared with the Sensex's 6.88% rise. The scrip had, however, underperformed the market in past one quarter, sliding 5.22% as against Sensex's 4.45% rise.
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The small-cap power equipment maker has equity capital of Rs 13.26 crore. Face value per share is Rs 10.
Transformers and Rectifiers (India) (TRIL) said that the company is geared up with all the required facilities to manufacture 765 kV transformers and is ready to cope up with huge demand of 765 kV transformers and 765 kV shunt reactors in 12th and 13th, 5 year plans.
TRIL's net profit declined 69.3% to Rs 1.15 crore on 71.8% growth in net sales to Rs 190.41 crore in Q3 December 2013 over Q3 December 2012.
Incorporated in 1994, Transformers & Rectifiers (India) has consolidated its position in the Indian transformer industry as a manufacturer of a wide range of transformers, which conform to the quality expectations of both the domestic and the international market. The company has executed a number of prestigious orders from developed countries such as Canada and the United Kingdom.
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